On the closing of auctions yesterday, the price of gas in Europe for 1,000 cubic meters has dropped to USD 373, APA-Economics reports.
On April 29, the price of May futures for the TTF (Netherlands' "Title Transfer Facility," Europe's most liquid virtual trading hub) index was USD 373.5, which is a 1.8% decrease compared to the previous calculated price of USD 380.5.
Note that since December 31, 2020, Azerbaijan started transportation of its gas to Europe via the Trans Adriatic Pipeline (TAP).